Ball Corporation’s (BLL) Buy Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Ball Corporation (NYSE:BLL) in a research note issued to investors on Sunday. They currently have a $47.00 price target on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Ball Corporation from a c+ rating to a b rating in a research note on Thursday, May 4th. ValuEngine cut shares of Ball Corporation from a buy rating to a hold rating in a research note on Friday, June 2nd. Vertical Research cut shares of Ball Corporation from a buy rating to a hold rating and set a $41.50 target price for the company. in a research note on Friday, May 5th. BMO Capital Markets reaffirmed a hold rating and set a $39.50 target price on shares of Ball Corporation in a research note on Wednesday, April 12th. Finally, Zacks Investment Research raised shares of Ball Corporation from a sell rating to a hold rating in a research note on Monday, May 8th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ball Corporation currently has an average rating of Hold and a consensus price target of $42.18.

Analyst Recommendations for Ball Corporation (NYSE:BLL)

Shares of Ball Corporation (NYSE:BLL) traded up 0.96% on Friday, reaching $42.07. 5,109,925 shares of the company traded hands. The firm has a market capitalization of $14.77 billion, a P/E ratio of 31.30 and a beta of 0.95. The stock has a 50-day moving average price of $52.97 and a 200 day moving average price of $69.09. Ball Corporation has a 1-year low of $33.76 and a 1-year high of $42.30.

Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, May 4th. The industrial products company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Ball Corporation had a net margin of 4.59% and a return on equity of 16.46%. Ball Corporation’s quarterly revenue was up 40.8% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. Analysts anticipate that Ball Corporation will post $2.15 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was first posted by BBNS and is the property of of BBNS. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://baseballnewssource.com/markets/ball-corporations-bll-buy-rating-reaffirmed-at-jefferies-group-llc/1092732.html.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 30th. This is a boost from Ball Corporation’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.95%. Ball Corporation’s payout ratio is currently 26.67%.

In related news, COO Daniel William Fisher sold 1,750 shares of Ball Corporation stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $41.77, for a total transaction of $73,097.50. Following the completion of the transaction, the chief operating officer now directly owns 11,594 shares of the company’s stock, valued at approximately $484,281.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Lisa Ann Pauley sold 20,960 shares of Ball Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $41.48, for a total transaction of $869,420.80. Following the transaction, the senior vice president now directly owns 108,887 shares of the company’s stock, valued at $4,516,632.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,702 shares of company stock valued at $3,261,845. 2.70% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in BLL. Russell Investments Group Ltd. purchased a new position in Ball Corporation during the fourth quarter worth approximately $2,579,000. Bessemer Group Inc. boosted its position in Ball Corporation by 35.7% in the fourth quarter. Bessemer Group Inc. now owns 1,385 shares of the industrial products company’s stock worth $104,000 after buying an additional 364 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Ball Corporation by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,021 shares of the industrial products company’s stock worth $752,000 after buying an additional 70 shares in the last quarter. Credit Agricole S A boosted its position in Ball Corporation by 10.1% in the fourth quarter. Credit Agricole S A now owns 87,883 shares of the industrial products company’s stock worth $6,599,000 after buying an additional 8,073 shares in the last quarter. Finally, Tyers Asset Management LLC purchased a new position in Ball Corporation during the fourth quarter worth approximately $262,000. 43.30% of the stock is owned by hedge funds and other institutional investors.

About Ball Corporation

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Receive News & Ratings for Ball Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third
Injury to Gleyber Torres Adds to Questions About Yankees
Injury to Gleyber Torres Adds to Questions About Yankees
Game Winning Home Run Completes Nolan Arenado Cycle
Game Winning Home Run Completes Nolan Arenado Cycle
New York Yankees and Masahiro Tanaka Hit Hard Again
New York Yankees and Masahiro Tanaka Hit Hard Again
Victor Martinez Diagnosed with Irregular Heartbeat
Victor Martinez Diagnosed with Irregular Heartbeat


Leave a Reply

 
© 2006-2017 BBNS.